Author: forex24pro

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 107.15. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from US Dollar buyers and a potential continuation of the rise in prices from the current levels. As part of the forecast for the Japanese Yen rate for March 5, 2021, we should…

Brent continue to move within the correction and left the upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $64.72 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken through the areas between the signal lines upward, which indicates pressure from buyers of “Black Gold” and a potential continuation of the rise in the value of the asset already from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2637. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the price pair in the near future. At the moment, we should expect an attempt to develop a downward correction…

GOLD continue to move within the fall and the downtrend channel. At the time of the publication of the forecast, the price of GOLD is 1719 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the area of ​​1745. Where can we expect a rebound and the continuation of…

Silver continue to move as part of the fall and the formation of the ”Triangle” pattern. At the time of the publication of the forecast, Silver prices are at $ 26.18. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall in value from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the metal and a test of the resistance level near the 26.45 area. Where…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bearish trend for the pair. Rates tested again region between the signal lines, which indicates the pressure of the merchants currency pair and the potential continuation of falling value of the instrument since current levels. At the time of publication Forex forecast New Zealand Dollar exchange rate to the US dollar is 0.7265. At the moment, we should expect an attempt to develop a decline…

Currency pair Dollar Franc USD/CHF continues to move in the growth and the rising channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9194. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the areas between the signal lines upward, which indicates pressure from buyers and a potential continuation of the asset’s price growth from the current levels. At the moment, we should expect an attempt to develop a slight correction of the US Dollar against the Swiss Franc and a test of…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move in the correct form and model of ”Triangle”. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 73.66. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for March 5, 2021, we should expect an attempt to develop…

BTC/USD trading at 49628, and continue to move in the correction and uplink. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $923,997,706,747. Moving averages indicate a short-term bullish trend of Bitcoin. Prices went up from the area between the signal lines, which indicates pressure from buyers of ”Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, March 5, 2021, we should expect an attempt to develop a correction in the value of a digital asset…

Ethereum are trading at 1561.12 and continue to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $179,993,989,389. Moving averages indicate a short-term bearish trend in Ethereum. Prices are again pushing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the asset value already from the current levels.At the moment, we should expect an attempt to develop a downward correction in the value of the coin and a test…